Stocks are slightly higher overnight. There wasn’t much news, nor is there anything due out today. The Dollar is a bit higher on position squaring; the FOMC meets next week. It’s possible the Fed...
Read MoreIn the course of my brokerage career, I have spoken to hundreds of novice traders or people studying the futures markets. One concern new traders often express is opening gaps. Before electronic trading, there might be a...
Read MoreCPI came out right on the estimates; as such, there was little effect on prices. Later we get industrial production and capacity utilization at 8:15, and the crude inventory report from the DOE at 9:30. The API...
Read MoreThe grain markets had an explosive rally this morning. Last night some weather forecasters predicted the possibility of a hard freeze late next week. The corn and soybean crops went in late this year, and if a freeze...
Read MoreStocks are about unchanged ahead of data this morning. At 7:30 we get PPI (expected + 0.8%, core +0.1%) and retail sales (+2.0%, +0.4 ex-autos). They markets will likely key off the 7:30 data for direction...
Read MoreStocks are lower. Traders are worrying about the possibility of a China-US trade war. On Friday the US imposed trade penalties on the Chinese over Chinese tire exports to the US. The Chinese called the US move...
Read MoreSure, it’s week 1 for the NFL, but the Packers-Bears game is tonight. Here’s some reading in case you’ve already made it through the Sunday papers: The NY Times on how the quant models got it wrong....
Read MoreUS stocks are slightly higher. Shanghai stocks were higher overnight after good Chinese economic numbers. The U. of Mich. Consumer sentiment report is out at 8:55; it’s supposed to have risen to 67.0% from 65.7...
Read MoreStocks are quiet overnight; other equity markets were quiet as well. Crude oil is slightly higher ahead of the inventory report at 9:30. Gold is lower on profit taking after the recent runup. I’m a bit...
Read MoreBritish Pound futures were in a downtrend in August, bottoming at the beginning of September in a higher high than the low made in July. Traders’ increased risk tolerance and good economic news from the UK turned...
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